TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
CLOUDSLEDGE CONSERVATION TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 158
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HOPE, ID83836

A Employer identification number

82-0485545

B Telephone number (see instructions)

(206) 264-1167

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$9,995,978J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)		(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...		330,269		330,269	330,269
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10			1,546
b	Gross sales price for all assets on line 6a 316,663
7	Capital gain net income (from Part IV, line 2)...				1,546
8	Net short-term capital gain.........					0
9	Income modifications...........
10a	Gross sales less returns and allowances	5,000
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....			5,000		5,000
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........		336,815		331,815	335,269
13	Compensation of officers, directors, trustees, etc.		30,996		1,550	1,550	39,446
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		List of Attached Documents: // Content	9,765	4,882	4,882	4,883
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		List of Attached Documents: // Content	15,703	63	63	10,860
19	Depreciation (attach schedule) and depletion...		List of Attached Documents: // Content	93,189	0	0
20	Occupancy..............		6,907		0	0	6,907
21	Travel, conferences, and meetings.......		3,017		0	0	3,017
22	Printing and publications..........
23	Other expenses (attach schedule).......		List of Attached Documents: // Content	171,706	0	5,000	166,706
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		331,283		6,495	11,495	231,819
25	Contributions, gifts, grants paid.......		6,500				6,500
26	Total expenses and disbursements. Add lines 24 and 25		337,783		6,495	11,495	238,319
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		-968
b	Net investment income (if negative, enter -0-)				325,320
c	Adjusted net income (if negative, enter -0-)...					323,774

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	30,705	37,371	37,371
	2	Savings and temporary cash investments.........	677,139	361,700	361,700
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....		List of Attached Documents: // Content 5,000	5,000
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	53,270	List of Attached Documents: // Content 55,197	55,197
	b	Investments—corporate stock (attach schedule).......	2,136,902	List of Attached Documents: // Content 2,155,106	2,155,106
	c	Investments—corporate bonds (attach schedule).......	2,001,935	List of Attached Documents: // Content 2,396,418	2,396,418
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............	39,478	22,982	22,982
	13	Investments—other (attach schedule)..........	1,571,514	List of Attached Documents: // Content 1,687,298	1,687,298
	14	Land, buildings, and equipment: basis 4,002,606
		Less: accumulated depreciation (attach schedule) 728,880	3,267,775	List of Attached Documents: // Content 3,273,726	3,273,726
	15	Other assets (describe )	List of Attached Documents: // Content 1,180	List of Attached Documents: // Content 1,180	List of Attached Documents: // Content 1,180
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,779,898	9,995,978	9,995,978
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,779,898	9,995,978
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	9,779,898	9,995,978
	30	Total liabilities and net assets/fund balances (see instructions).	9,779,898	9,995,978

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,779,898

Enter amount from Part I, line 27a .....................

-968

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

217,048

Add lines 1, 2, and 3 ..........................

9,995,978

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,995,978

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES	P	2003-03-26	2023-12-31
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	316,663	315,117	1,546
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,546
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,546
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	0

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,522
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	4,522
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,522
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	5,440
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	5,440
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	5
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	913
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax913	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.CLOUDSLEDGE.ORG

The books are in care of right arrow

JOANNA SELLS Telephone no. right arrow

(208) 266-1167

Located at right arrow

P O BOX 158HOPEID ZIP+4 right arrow

83836

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

Yes

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
JOANNA SELLS	TRUSTEE 8.00	14,996
PO BOX 158 HOPE,ID83836	TRUSTEE 8.00	14,996
DOUGLAS ARTHUR GREEN	TRUSTEE 8.00	14,000
PO BOX 158 HOPE,ID83836	TRUSTEE 8.00	14,000
CHARLES HENDERSON JR	INTERIM TRUSTEE 1.00	2,000
PO BOX 158 HOPE,ID83836	INTERIM TRUSTEE 1.00	2,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
H & H ELECTRIC	ELECTRICAL SERVICES	104,207
547 MOUNTAIN VIEW RD CLARK FORK,ID83811	ELECTRICAL SERVICES	104,207

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	IN ACCORDANCE WITH THE PURPOSES OF THE TRUST, "TO PRESERVE IN PERPETUITY THE CLOUDSLEDGE FOREST BY SILVICULTURE": DEAD AND DYING TREES WERE CAREFULLY REMOVED FROM THE FOREST OR INCORPORATED TO IMPROVE SOIL STABILITY OR WILDLIFE HABITAT. SEEDLING PONDEROSA PINE, WESTERN LARCH, AND WESTERN WHITE PINE WERE PLANTED TO REPLACE DYING DOUGLAS FIR AND OTHER SPECIES. NOXIOUS WEEDS WERE SPRAYED, PULLED OR TREATED WITH BIOLOGICAL CONTROL. BUILDINGS AND/OR INFRASTRUCTURE WERE REPAIRED, UPDATED OR REPLACED AS NECESSARY. GOODWILL GRANTS WERE AWARDED IN THE LOCAL COMMUNITY, AND GROUPS OF PEOPLE VISITED THE FOREST FOR RECREATION, EDUCATION AND SCIENTIFIC PURPOSES.	218,419
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,982,857

Average of monthly cash balances.......................

480,355

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,463,212

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,463,212

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

96,948

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

6,366,264

Minimum investment return. Enter 5% (0.05) of line 5................

318,313

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

Tax on investment income for 2022 from Part V, line 5.......

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

238,319

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

99,139

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

337,458

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total
	318,313	295,175	341,541	263,202	1,218,231
b 85% (0.85) of line 2a .........	270,566	250,899	290,310	223,722	1,035,496
c Qualifying distributions from Part XI, line 4 for each year listed .....	337,458	408,906	562,494	288,236	1,597,094
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	3,000	3,000	3,000	3,000	12,000
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	334,458	405,906	559,494	285,236	1,585,094
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	212,209	229,959	254,137	236,691	932,996
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BONNER SOIL & WATER CONSERVATION DISTRICT 1224 WASHINGTION AVE SUITE 101 SANDPOINT,ID83864	N/A	GOVERNMENT	PEND OREILLE WATER FESTIVAL 2023	1,000
HOPE SCHOOL 255 HOPE SCHOOL ROAD HOPE,ID83836	N/A	GOVERNMENT	GRANT FUNDING FOR FIELD TRIPS 2023	3,500
PANHANDLE SPECIAL NEEDS 1424 N BOYER SANDPOINT,ID83864	N/A	PUBLIC CHARITY	GOODWILL GRANT FUNDING FOR ARTS PROGRAM 2023	2,000
Total ................................. 3a				6,500

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	330,269
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,546
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory	110000	5,000
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		5,000		331,815	0

13Total. Add line 12, columns (b), (d), and (e)..................

336,815

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

Yes

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1a(1)	1,000	BONNER SOIL AND WATER CONSERVATION DISTRICT	GRANT TO A STATE WATER CONSERVATION DISTRICT
1a(1)	3,500	HOPE SCHOOL	GRANT TO A PUBLIC SCHOOL

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,765	4,882	4,882	4,883

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
358 42 ACRES HOPE ID	2001-10-31	841,500		L		0	0
21429 ACRES HOPE ID	2001-10-31	135,700		L		0	0
110 ACRES HOPE ID	2001-10-31	16,645		L		0	0
2.070 ACRES HOPE ID	2001-10-31	248		L		0	0
147 ACRES HOPE ID	2001-10-31	100		L		0	0
HOUSEHOLD FURNISHINGS	2001-10-31	2,500		L	7.000000000000	0	0
TOOLS AND YARD EQUIPMENT	2001-10-31	1,000		L	7.000000000000	0	0
PERSONAL EFFECTS	2001-10-31	750		L	7.000000000000	0	0
ELECTRICAL WORK	2006-04-13	2,040	871	SL	39.000000000000	52	52
WATER TANK	2006-08-30	2,120	882	SL	39.000000000000	54	54
BATHROOM FIXTURES	2006-11-06	4,343	1,795	SL	39.000000000000	111	111
SEPTIC TANK	2006-10-06	7,897	3,284	SL	39.000000000000	202	202
WHEEL BARROW	2006-02-06	128	128	SL	7.000000000000	0	0
AIR COMPRESSOR	2006-03-09	322	322	SL	7.000000000000	0	0
APPLIANCE	2006-05-10	1,099	1,099	SL	7.000000000000	0	0
IMPROVEMENT JUNE 2008	2008-06-27	17,231	6,409	SL	39.000000000000	442	442
IMPROVEMENT JULY 2008	2008-07-14	4,390	1,638	SL	39.000000000000	113	113
IMPROVEMENT NOV 2008	2008-11-17	7,549	2,732	SL	39.000000000000	194	194
IMPROVEMENT 7/30/09	2009-07-30	15,776	5,434	SL	39.000000000000	405	405
IMPROVEMENT	2007-01-01	10,000	4,096	SL	39.000000000000	256	256
IMPROVEMENT	2007-01-01	42,178	17,297	SL	39.000000000000	1,081	1,081
IMPROVEMENT	2007-08-16	4,885	1,917	SL	39.000000000000	125	125
IMPROVEMENT	2007-10-30	8,428	3,276	SL	39.000000000000	216	216
IMPROVEMENT MAY 2008	2008-05-28	4,714	1,765	SL	39.000000000000	121	121
IMPROVEMENT JULY 2008	2008-07-01	132,945	49,431	SL	39.000000000000	3,409	3,409
IMPROVEMENT JULY 2008	2008-07-18	2,016	750	SL	39.000000000000	52	52
IMPROVEMENT NOV 2008	2008-11-21	41,134	14,858	SL	39.000000000000	1,055	1,055
WEATHER STATION EQUIPMENT	2008-09-02	1,373	1,373	SL	7.000000000000	0	0
IMPROVEMENT 7/16/09	2009-07-16	10,477	3,609	SL	39.000000000000	269	269
IMPROVEMENT 10/14/09	2009-10-14	8,897	3,021	SL	39.000000000000	228	228
IMPROVEMENT 10/29/09	2009-10-29	20,920	7,057	SL	39.000000000000	536	536
IMPROVEMENT 11/02/09	2009-11-02	917	316	SL	39.000000000000	24	24
IMPROVEMENT 12/30/09	2009-12-30	14,000	4,667	SL	39.000000000000	359	359
IMPROVEMENT 6/30/09	2009-06-30	44,627	15,444	SL	39.000000000000	1,144	1,144
COLUMBIA TRACTOR	2010-04-07	10,282	10,282	SL	7.000000000000	0	0
IMPROVEMENT 1/1/10	2010-01-01	10,170	3,393	SL	39.000000000000	261	261
IMPROVEMENT JAN 2010	2010-01-01	20,466	6,825	SL	39.000000000000	525	525
IMPROVEMENT JUNE 2010	2010-06-30	1,169	375	SL	39.000000000000	30	30
IMPROVEMENT JULY 2010	2010-07-31	79,975	25,466	SL	39.000000000000	2,051	2,051
IMPROVEMENT AUG 2010	2010-08-31	2,966	937	SL	39.000000000000	76	76
IMPROVEMENT NOV 2010	2010-11-30	14,235	4,410	SL	39.000000000000	365	365
RIECHER PROPERTY	2010-11-30	1,550		L		0	0
PAINTING COTTAGE	2011-05-25	4,735	1,402	SL	39.000000000000	121	121
PAINTING MAIN HOUSE INTERIOR AND DOORS	2011-06-02	8,420	2,502	SL	39.000000000000	216	216
SCREEN PROJECTOR SOUND SYSTEM: COTTAGE	2011-09-13	5,530	5,530	SL	7.000000000000	0	0
ELECTRIC WIRING COTTAGE SOUND SYSTEM	2011-10-19	2,975	849	SL	39.000000000000	76	76
BUILD RAISED BEDS FOR SEEDLINGS	2011-08-12	12,802	9,739	SL	15.000000000000	853	853
REPAVING DRIVEWAYS	2011-11-28	138,480	102,321	SL	15.000000000000	9,232	9,232
AIR CONDITIONER	2012-05-07	11,859	3,243	SL	39.000000000000	304	304
CHIMNEY AND WALL OF MAIN HOUSE	2012-08-21	8,212	2,180	SL	39.000000000000	211	211
POWER UPGRADE OF ALPINE HOUSE	2012-12-18	7,448	1,910	SL	39.000000000000	191	191
GROUNDS IMPROVEMENT	2012-08-16	29,750	18,051	SL	39.000000000000	763	763
HOPE IDAHO LAND SURVEY	2012-10-08	13,395		L		0	0
DENTON PROPERTY	2012-11-12	169,550		L		0	0
BLISSFUL ACRES PROPERTY - RAW LAND	2012-11-07	170,155		L		0	0
RIECHART PROPERTY *	2012-06-21	346,958		L		0	0
PICNIC TABLES	2012-04-26	7,794	7,791	SL	7.000000000000	0	0
BLISSFUL ACRES PROPERTY DRAIN FIELDS	2012-11-07	6,000	4,067	SL	15.000000000000	400	400
BLISSFUL ACRES PROPERTY GRAVEL ACCESS	2012-11-07	10,000	6,781	SL	15.000000000000	667	667
ELECTRIC RANGE AND HOOD	2013-05-02	2,026	2,023	SL	7.000000000000	0	0
DISPLAY	2013-08-01	1,300	1,300	SL	7.000000000000	0	0
REFRIGERATOR	2013-05-10	1,649	1,649	SL	7.000000000000	0	0
FIRE PROTECTION INSTALLATION	2013-09-11	31,170	19,395	SL	15.000000000000	2,078	2,078
HOPE IDAHO LAND SURVEY	2013-09-11	8,520		L		0	0
DENTON PROPERTY LAND SURVEY	2013-05-22	5,022		L		0	0
MAIN HOUSE IMPROVEMENTS	2013-10-04	55,001	13,043	SL	39.000000000000	1,410	1,410
COUGAR CREEK SOUTH	2014-04-03	151,400		L		0	0
TAC HOUSE REPAIRS	2014-07-18	13,494	2,912	SL	39.000000000000	346	346
DYNAMITE SHED REPAIRS	2014-08-21	15,485	3,308	SL	39.000000000000	397	397
LOAFING SHED REPAIRS	2014-10-21	20,428	4,279	SL	39.000000000000	524	524
FIREWOOD SPLITTER	2014-05-12	1,060	1,057	SL	7.000000000000	0	0
ORE CAR	2014-05-12	3,085	3,085	SL	7.000000000000	0	0
CAMERA SECURITY SYSTEM	2014-10-20	3,110	3,110	SL	7.000000000000	0	0
COUGAR CREEK NORTH	2014-04-03	25,000		L		0	0
MAIN HOUSE LAUNDRY ADDITION	2015-11-09	78,474	14,419	SL	39.000000000000	2,012	2,012
TUNNEL IMPROVEMENT PROJECT	2016-12-01	118,627	36,080	SL	20.000000000000	5,931	5,931
PRECISION CHEMICAL	2016-05-09	4,938	4,700	SL	7.000000000000	235	235
TUNNEL IMPROVEMENT PROJECT	2017-09-15	49,766	13,269	SL	20.000000000000	2,488	2,488
WATER STORAGE TANKS	2017-03-29	9,438	2,714	SL	20.000000000000	472	472
NEW PUMPS @ UPPER SPRING & MAIN HOUSE	2017-10-22	5,445	4,020	SL	7.000000000000	778	778
2018 BOBCAT E45 BOBCAT EXACAVATOR MINI/COMPAC	2018-06-29	115,613	74,322	SL	7.000000000000	16,516	16,516
2007 FORD 4X4 AXLE DUMP TRUCK	2018-12-06	67,500	39,376	SL	7.000000000000	9,643	9,643
2020 6X12 BIG TANDEM AXLE DUMP TRAILER	2019-12-31	6,192	2,655	SL	7.000000000000	885	885
2020 5X8 BIG TEX SINGLE AXLE DUMP TRAILER	2019-12-31	4,194	1,797	SL	7.000000000000	599	599
LANDSCAPE BUCKET FOR THE EXCAVATOR	2020-06-09	1,655	610	SL	7.000000000000	236	236
BULLDOZER FOR MR PROJECT	2020-06-06	5,009	1,849	SL	7.000000000000	716	716
MEADOW RANCH PROJECT PHASE 1	2022-01-11	444,163	11,389	SL	39.000000000000	11,389	11,389
BULLDOZER FOR MR PROJECT	2020-06-27	3,683	1,315	SL	7.000000000000	526	526
BLISSFUL ACRES ENTRY GRAVEL AND GRADING	2022-04-21	28,670	490	SL	39.000000000000	735	735
CHIPPER	2023-03-30	65,487		SL	7.000000000000	7,016	7,016
MEADOW RANCH PROJECT PHASE 2	2022-12-01	53,137		NC	39.000000000000	0	0
SIDING/DRYWALL/DECKS	2023-05-15	6,810		SL	39.000000000000	116	116
SIDING/DRYWALL/DECKS	2023-07-03	1,596		SL	39.000000000000	20	20
KITCHEN FLOORING	2023-06-21	8,695		SL	5.000000000000	870	870
MEADOW RANCH PROJECT PHASE 2	2023-12-31	74,491		NC	39.000000000000	0	0
DENTON SLOUGH HWY APPROACH	2023-01-20	7,548		SL	15.000000000000	461	461

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AT&T INC NOTE	91,423	91,423
AT&T INC NT	197,881	197,881
INTEL CORP SR NT	90,494	90,494
LEHMAN BROS HLDG INC	50	50
MICROSOFT CORP NOTE	94,933	94,933
MICROSOFT CORP NOTE	138,110	138,110
MICROSOFT CORP NOTE	76,847	76,847
ORACLE CORP NOTE	89,370	89,370
PRUDENTIAL FINL INC NOTES	56,333	56,333
TORONTO DOMINION BK SR MEDIUM	100,075	100,075
TRUIST BK CHARLOTTE N C	100,001	100,001
WELLS FARGO & CO SR GLOBAL NTS	77,684	77,684
WELLS FARGO BK N A SIOUX FALLS	99,996	99,996
AT&T INC AT&T INC SR UNSECURED CALLABLE CPN 4.300% DUE 12/15/42 DTD 06/15/1	139,229	139,229
BELLSOUTH TELECOMM BONDS CALL @ MAKE WHOLE + 15BP CPN 6.375% DUE 06/01/28 D	46,539	46,539
BOEING CO GLOBAL BONDS CALLABLE CPN 6.125% DUE 02/15/33 DTD 02/11/03 FC 08/	53,911	53,911
CBS CORP COMPANY GTD CALLABLE CPN 4.850% DUE 07/01/42 DTD 06/20/12 FC 01/01	40,114	40,114
CISCO SYSTEMS INC MEDIUM TERM NOTES CPN 5.500% DUE 01/15/40 DTD 11/17/09 FC	53,224	53,224
CITIGROUP INC GLOBAL BONDS SUBORDINATE CPN 5.875% DUE 02/22/33 DTD 02/19/03	6,238	6,238
DOW CHEMICAL CO/THE INTERNOTES CALLABLE CPN 4.375% DUE 11/15/42 DTD 11/14/1	22,073	22,073
DUKE CAPITAL CORP SENIOR NOTES CPN 6.750% DUE 02/15/32 DTD 02/15/02 FC 08/1	41,650	41,650
ENTERPRISE SERVICES LLC GLOBAL NOTES CALL @ MAKE WHOLE +25BP CPN 7.450% DUE	10,461	10,461
GE CAPITAL INTERNOTES MEDIUM TERM NOTES CPN 5.300% DUE 06/15/36 DTD 06/23/1	14,530	14,530
GOLDMAN SACHS GROUP INC SUBORDINATE NOTES CPN 6.750% DUE 10/01/37 DTD 10/03	82,555	82,555
HOWMET AEROSPACE INC NT CPN 5.950% DUE 02/01/37 DTD 01/25/07 FC 08/01/07	52,191	52,191
HP ENTERPRISE CO MULTI STP UP CPN BOND CALLABLE CPN 6.350% DUE 10/15/45 DTD	19,418	19,418
HP ENTERPRISE CO MULTI STP UP CPN BOND CALLABLE CPN 6.350% DUE 10/15/45 DTD	102,484	102,484
INTEL CORP SR UNSECURED CPN 4.000% DUE 12/15/32 DTD 12/11/12 FC 06/15/13	57,982	57,982
JOHNSON & JOHNSON BONDS CPN 5.950% DUE 08/15/37 DTD 08/16/07 FC 02/15/08	46,078	46,078
KOHLS CORPORATION BONDS SEMI-ANNUAL PAY CPN 6.000% DUE 01/15/33 DTD 11/21/0	18,973	18,973
KRAFT FOODS GRP INC SR UNSECURED CPN 5.000% DUE 06/04/42 DTD 12/04/12 FC 06	9,633	9,633
MOTOROLA SOLUTIONS INC SR UNSECURED CPN 5.500% DUE 09/01/44 DTD 08/19/14 FC	24,831	24,831
PARAMOUNT GLOBAL SR UNSECURED CALLABLE CPN 5.250% DUE 04/01/44 DTD 03/11/14	19,222	19,222
PRUDENTIAL FINANCIAL INC BONDS CPN 5.750% DUE 07/15/33 DTD 07/07/03 FC 01/1	79,331	79,331
VERIZON MARYLAND INC BONDS CPN 5.125% DUE 06/15/33 DTD 06/16/03 FC 12/15/03	47,981	47,981
WESTERN UNION CO NOTES CALLABLE CPN 6.200% DUE 11/17/36 DTD 11/17/06 FC 05/	77,662	77,662
WESTERN UNION CO/THE SR UNSECURED CPN 6.200% DUE 06/21/40 DTD 06/21/10 FC 1	60,543	60,543
WYETH BONDS CALLABLE CPN 6.500% DUE 02/01/34 DTD 12/16/03 FC 08/01/04	56,368	56,368

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	309,939	309,939
CHEVRON CORP	149,160	149,160
FORD MOTOR CO DEL	243,800	243,800
HEALTHPEAK PPTYS INC	158,400	158,400
IBM	329,100	329,100
KRAFT HEINZ CO	184,900	184,900
PFIZER INC	57,580	57,580
VERIZON COMMUNICATIONS	263,900	263,900
VIATRIS INC	2,686	2,686
WELLTOWER INC REIT	450,850	450,850
VERIZON COMMUNICATIONS	3,242	3,242
VODAFONE GROUP PLC NEW	1,549	1,549

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

55,197

State & Local Government Securities - End of Year Fair Market Value:

55,197

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
INVSC PREFERRED	FMV	161,188	161,188
ISHARS TRUST ETF	FMV	168,894	168,894
AMERICAN BOND FUND OF AMER A	FMV	79,698	79,698
AMERICAN CAPITAL WORLD BOND A	FMV	46,428	46,428
AMERICAN INC FUND OF AMER A	FMV	328,237	328,237
AMERICAN INT BD FD OF AMER A	FMV	72,657	72,657
AMERICAN INVEST CO OF AMER A	FMV	440,108	440,108
C&S PREFERRED SECS & INCOME A	FMV	249,909	249,909
FT BUILD AMERICA BONDS SER 26	FMV	27,750	27,750
VK BLD AMER BONDS INCM TR 26	FMV	27,920	27,920
VK BLD AMERICA BDS INCM TR 11	FMV	27,282	27,282
VK INSURED INCOME TR SER 101	FMV	15,730	15,730
VK LONG TERM INVT GRADE TR 54	FMV	41,497	41,497

- TIN:

TY 2023 LandEtcSchedule2

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
358 42 ACRES HOPE ID	841,500	0	841,500	841,500
21429 ACRES HOPE ID	135,700	0	135,700	135,700
110 ACRES HOPE ID	16,645	0	16,645	16,645
2.070 ACRES HOPE ID	248	0	248	248
147 ACRES HOPE ID	100	0	100	100
HOUSEHOLD FURNISHINGS	2,500	0	2,500	2,500
TOOLS AND YARD EQUIPMENT	1,000	0	1,000	1,000
PERSONAL EFFECTS	750	0	750	750
ELECTRICAL WORK	2,040	923	1,117	1,117
WATER TANK	2,120	936	1,184	1,184
BATHROOM FIXTURES	4,343	1,906	2,437	2,437
SEPTIC TANK	7,897	3,486	4,411	4,411
WHEEL BARROW	128	128	0	0
AIR COMPRESSOR	322	322	0	0
APPLIANCE	1,099	1,099	0	0
IMPROVEMENT JUNE 2008	17,231	6,851	10,380	10,380
IMPROVEMENT JULY 2008	4,390	1,751	2,639	2,639
IMPROVEMENT NOV 2008	7,549	2,926	4,623	4,623
IMPROVEMENT 7/30/09	15,776	5,839	9,937	9,937
IMPROVEMENT	10,000	4,352	5,648	5,648
IMPROVEMENT	42,178	18,378	23,800	23,800
IMPROVEMENT	4,885	2,042	2,843	2,843
IMPROVEMENT	8,428	3,492	4,936	4,936
IMPROVEMENT MAY 2008	4,714	1,886	2,828	2,828
IMPROVEMENT JULY 2008	132,945	52,840	80,105	80,105
IMPROVEMENT JULY 2008	2,016	802	1,214	1,214
IMPROVEMENT NOV 2008	41,134	15,913	25,221	25,221
WEATHER STATION EQUIPMENT	1,373	1,373	0	0
IMPROVEMENT 7/16/09	10,477	3,878	6,599	6,599
IMPROVEMENT 10/14/09	8,897	3,249	5,648	5,648
IMPROVEMENT 10/29/09	20,920	7,593	13,327	13,327
IMPROVEMENT 11/02/09	917	340	577	577
IMPROVEMENT 12/30/09	14,000	5,026	8,974	8,974
IMPROVEMENT 6/30/09	44,627	16,588	28,039	28,039
COLUMBIA TRACTOR	10,282	10,282	0	0
IMPROVEMENT 1/1/10	10,170	3,654	6,516	6,516
IMPROVEMENT JAN 2010	20,466	7,350	13,116	13,116
IMPROVEMENT JUNE 2010	1,169	405	764	764
IMPROVEMENT JULY 2010	79,975	27,517	52,458	52,458
IMPROVEMENT AUG 2010	2,966	1,013	1,953	1,953
IMPROVEMENT NOV 2010	14,235	4,775	9,460	9,460
RIECHER PROPERTY	1,550	0	1,550	1,550
PAINTING COTTAGE	4,735	1,523	3,212	3,212
PAINTING MAIN HOUSE INTERIOR AND DOORS	8,420	2,718	5,702	5,702
SCREEN PROJECTOR SOUND SYSTEM: COTTAGE	5,530	5,530	0	0
ELECTRIC WIRING COTTAGE SOUND SYSTEM	2,975	925	2,050	2,050
BUILD RAISED BEDS FOR SEEDLINGS	12,802	10,592	2,210	2,210
REPAVING DRIVEWAYS	138,480	111,553	26,927	26,927
AIR CONDITIONER	11,859	3,547	8,312	8,312
CHIMNEY AND WALL OF MAIN HOUSE	8,212	2,391	5,821	5,821
POWER UPGRADE OF ALPINE HOUSE	7,448	2,101	5,347	5,347
GROUNDS IMPROVEMENT	29,750	18,814	10,936	10,936
HOPE IDAHO LAND SURVEY	13,395	0	13,395	13,395
DENTON PROPERTY	169,550	0	169,550	169,550
BLISSFUL ACRES PROPERTY - RAW LAND	170,155	0	170,155	170,155
RIECHART PROPERTY *	346,958	0	346,958	346,958
PICNIC TABLES	7,794	7,791	3	3
BLISSFUL ACRES PROPERTY DRAIN FIELDS	6,000	4,467	1,533	1,533
BLISSFUL ACRES PROPERTY GRAVEL ACCESS	10,000	7,448	2,552	2,552
ELECTRIC RANGE AND HOOD	2,026	2,023	3	3
DISPLAY	1,300	1,300	0	0
REFRIGERATOR	1,649	1,649	0	0
FIRE PROTECTION INSTALLATION	31,170	21,473	9,697	9,697
HOPE IDAHO LAND SURVEY	8,520	0	8,520	8,520
DENTON PROPERTY LAND SURVEY	5,022	0	5,022	5,022
MAIN HOUSE IMPROVEMENTS	55,001	14,453	40,548	40,548
COUGAR CREEK SOUTH	151,400	0	151,400	151,400
TAC HOUSE REPAIRS	13,494	3,258	10,236	10,236
DYNAMITE SHED REPAIRS	15,485	3,705	11,780	11,780
LOAFING SHED REPAIRS	20,428	4,803	15,625	15,625
FIREWOOD SPLITTER	1,060	1,057	3	3
ORE CAR	3,085	3,085	0	0
CAMERA SECURITY SYSTEM	3,110	3,110	0	0
COUGAR CREEK NORTH	25,000	0	25,000	25,000
MAIN HOUSE LAUNDRY ADDITION	78,474	16,431	62,043	62,043
TUNNEL IMPROVEMENT PROJECT	118,627	42,011	76,616	76,616
PRECISION CHEMICAL	4,938	4,935	3	3
TUNNEL IMPROVEMENT PROJECT	49,766	15,757	34,009	34,009
WATER STORAGE TANKS	9,438	3,186	6,252	6,252
NEW PUMPS @ UPPER SPRING & MAIN HOUSE	5,445	4,798	647	647
2018 BOBCAT E45 BOBCAT EXACAVATOR MINI/COMPAC	115,613	90,838	24,775	24,775
2007 FORD 4X4 AXLE DUMP TRUCK	67,500	49,019	18,481	18,481
2020 6X12 BIG TANDEM AXLE DUMP TRAILER	6,192	3,540	2,652	2,652
2020 5X8 BIG TEX SINGLE AXLE DUMP TRAILER	4,194	2,396	1,798	1,798
LANDSCAPE BUCKET FOR THE EXCAVATOR	1,655	846	809	809
BULLDOZER FOR MR PROJECT	5,009	2,565	2,444	2,444
MEADOW RANCH PROJECT PHASE 1	444,163	22,778	421,385	421,385
BULLDOZER FOR MR PROJECT	3,683	1,841	1,842	1,842
BLISSFUL ACRES ENTRY GRAVEL AND GRADING	28,670	1,225	27,445	27,445
CHIPPER	65,487	7,016	58,471	58,471
MEADOW RANCH PROJECT PHASE 2	53,137	0	53,137	53,137
SIDING/DRYWALL/DECKS	6,810	116	6,694	6,694
SIDING/DRYWALL/DECKS	1,596	20	1,576	1,576
KITCHEN FLOORING	8,695	870	7,825	7,825
MEADOW RANCH PROJECT PHASE 2	74,491	0	74,491	74,491
DENTON SLOUGH HWY APPROACH	7,548	461	7,087	7,087

- TIN:

TY 2023 OtherAssetsSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DEPOSITS	1,180	1,180	1,180

- TIN:

TY 2023 OtherExpensesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE	21,562	0	21,562
BANK FEES	29	0	29
REPAIRS AND MAINTENANCE	13,738	0	13,738
SUPPLIES	5,404	0	5,404
OFFICE EXPENSE	1,331	0	1,331
SOFTWARE	1,990	0	1,990
SILVICULTURE EXPENSES	127,652	5,000	122,652

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Amount
UNREALIZED GAINS AND LOSSES	217,048

- TIN:

TY 2023 OtherReceivablesOfficersSch

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Travel Advance to Officers:

Item No.	1
Borrower's Name	CHARLES HENDERSON JR
Borrower's Title
Original Amount of Loan	5000
Balance Due	5000
Date of Note
Maturity Date
Repayment Terms	PROVIDE WRITTEN SUBSTANTIATION & REPAY UNUSED FUNDS WITHIN A REASONABLE TIME
Interest Rate	0.000000000000
Security Provided by Borrower	N/A
Purpose of Loan	ADVANCE FOR EXPECTED BUSINESS EXPENSES PAID UNDER THE ACCOUNTABLE PLAN RULES
Description of Lender Consideration	CASH ADVANCE
Consideration FMV	5000

- TIN:

TY 2023 TaxesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROPERTY TAX	8,611	0	0	8,611
PAYROLL TAX	1,295	63	63	1,232
MISCELLANEOUS TAXES AND LICENSES	1,017	0	0	1,017
FEDERAL TAXES	4,780	0	0	0